Illinois Cpa Society
- Assets
- $14.9m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 58
- Location
- Chicago, IL
- Founding
- 03/1935
- Data as of
- 03/2024
- EIN
- 36-2171350
Organization Overview
Illinois Cpa Society is located in Chicago, IL. The organization was established in 1935. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 03/2024, Illinois Cpa Society employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Cpa Society is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2024, Illinois Cpa Society generated $9.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $8.9m during the year ending 03/2024. While expenses have increased by 2.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE VALUE OF THE CPA PROFESSION THROUGH EDUCATION, INFORMATION, ADVOCACY AND CONNECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION PROGRAMS, NETWORKING EVENTS, PUBLICATIONS AND PUBLIC SERVICE INFORMATION TO APPROXIMATELY 20,500 MEMBERS AND 7 CHAPTERS.
RECRUITMENT AND EDUCATION AT UNIVERSITIES AND CONFERENCES FOR STUDENTS.
LEGISLATIVE ACTIVITIES FOR THE MEMBERSHIP.
PEER REVIEW PROGRAM ADMINISTRATION FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Hauser Director-Chairperson | OfficerTrustee | 1 | $0 |
Mary Fuller Director-Immediate Past Ch | Trustee | 1 | $0 |
Deborah Rood Director-Vice Chairperson | OfficerTrustee | 1 | $0 |
Mark Wolfgram Director-Treasurer | OfficerTrustee | 1 | $0 |
Brian Blaha Director-Secretary | OfficerTrustee | 1 | $0 |
John Bird Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdo Digital It Managed Services | 3/30/22 | $324,922 |
Koya Leadership Partners Executive Search Firm | 3/30/22 | $108,999 |
Sikich Llp Accounting Software Implementation And S | 3/30/22 | $103,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,400 |
| Total Program Service Revenue | $8,688,301 |
| Investment income | $329,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $39,240 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$80,317 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,009,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,505,067 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $732,743 |
| Payroll taxes | $328,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,800 |
| Fees for services: Accounting | $40,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,049 |
| Fees for services: Other | $256,172 |
| Advertising and promotion | $113,964 |
| Office expenses | $279,167 |
| Information technology | $643,668 |
| Royalties | $113,606 |
| Occupancy | $987,676 |
| Travel | $83,570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $242,849 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,409 |
| Insurance | $69,693 |
| All other expenses | $0 |
| Total functional expenses | $8,913,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,690,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,219 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $259,855 |
| Net Land, buildings, and equipment | $337,473 |
| Investments—publicly traded securities | $10,106,130 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,340,679 |
| Total assets | $14,926,605 |
| Accounts payable and accrued expenses | $433,830 |
| Grants payable | $0 |
| Deferred revenue | $485,292 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,277,380 |
| Total liabilities | $4,196,502 |
| Net assets without donor restrictions | $10,730,103 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,926,605 |